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To: CFW

There was a First Republic bank here in CA. The FDIC sold it to JPMorgan last year. Now it’s Republic First. Maybe the FDIC doesn’t like the the Republic. Or the First.


3 posted on 04/26/2024 5:38:04 PM PDT by monkeyshine (live and let live is dead)
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To: monkeyshine
There was a First Republic bank here in CA. The FDIC sold it to JPMorgan last year.

We really liked First Republic up to a couple decades ago. We were earning up to 9 percent on CDs there, better than other banks in the SF Bay Area. Such a difference from the less than 1 percent a decade ago, before the bounce upwards in interest rates lately. JPMorgan is gobbling up a lot of banks.

4 posted on 04/26/2024 5:43:32 PM PDT by roadcat
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To: monkeyshine

They killed the First Republic in Dallas in the late 1980s. You may be on to something.


5 posted on 04/26/2024 5:57:32 PM PDT by PAR35
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